🔥 BULLISH: Tom Lee says $ETH weakness was a buy 📈
What is happening?
• Lee called sub-$2,200 Ethereum an “attractive opportunity” $DOGE
• BitMine bought 71,672 ETH
• Holdings now at ~5.28M ETH
• Represents ~4.37% of total ETH supply
What this suggests:
• Large players aggressively accumulating dips$ZEC
• Strong institutional conviction in ETH long term
• Supply concentration tightening further
Context:
• BitMine now only ~0.63% away from controlling 5% of ETH supply
• Large-scale accumulation can significantly impact market liquidity
📊 Market takeaway:
Bullish accumulation signal. Institutional buying during weakness suggests confidence in ETH’s long-term role—but growing concentration of supply may become an increasingly important market dynamic.
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